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Stockholders' Equity
 3 Months Ended
Mar. 31, 2013
Stockholders' Equity

Note 6 — Stockholders’ Equity

Stock Repurchase Activity

In January 2010, our Board of Directors authorized the Company to repurchase up to $2.0 billion of our common stock with no fixed expiration. We have $763 million remaining under the $2.0 billion repurchase program.

Stock Award Activity

Common shares outstanding plus shares underlying outstanding stock awards totaled 471 million at March 31, 2013, and 470 million at December 31, 2012. These totals include all vested and unvested stock-based awards outstanding, including those awards we estimate will be forfeited. The following table summarizes our restricted stock unit activity for the three months ended March 31, 2013 (in millions):

 

     Number of Units     Weighted Average
Grant-Date
Fair Value		  

Outstanding at December 31, 2012

      15.4      $ 184   

Units granted

      0.9        263   

Units vested

      (0.7 )      115   

Units forfeited

      (0.5 )      193   
  

 

 

    

 

 

  

Outstanding at March 31, 2013

      15.1      $ 192   
  

 

 

    

 

 

  

Scheduled vesting for outstanding restricted stock units at March 31, 2013, is as follows (in millions):

 

     Nine Months
Ended
December 31,
2013		                       
        Year Ended December 31,                
        2014      2015      2016      2017      Thereafter      Total  

Scheduled vesting—restricted stock units

      3.9         5.2         3.4         1.9         0.5         0.2         15.1   
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

As of March 31, 2013, there was $1.3 billion of net unrecognized compensation cost related to unvested stock-based compensation arrangements. This compensation is recognized on an accelerated basis with approximately half of the compensation expected to be expensed in the next twelve months, and has a weighted average recognition period of 1.2 years.